Wyndham Destinations, an Orlando, Fla.-based timeshare resort company, has acquired Travel + Leisure from publishing giant Meredith in a $100 million deal.
The resort company owns 230 timeshare resorts and runs 18 travel clubs. Meredith will continue to operate the media properties under a long term-licensing deal as the company uses it to enhance its travel club relationships.
“Over the past 18 months, we have laid the foundation to expand our footprint beyond our core vacation ownership business, and today we add one of the most trusted and influential brands in travel through the acquisition of Travel + Leisure,” said
Timeshare company Wyndham Destinations, which spun off from Wyndham Hotels and Resorts in 2018, has acquired Travel + Leisure from Meredith Corp. for $100 million.
Wyndham Destinations, which is publicly traded, will change its name to Travel + Leisure Co. and will adopt the ticker symbol TNL in mid-February.
Meredith will continue to produce and monetize the media assets under a renewable 30-year, royalty-free lease and will handle advertising and marketing, produce its related print magazine and operate its website, podcasts and social media channels.
Editor in chief Jacqueline Gifford said that she and the editorial staff remain Meredith
Serena Williams is looking forward to a day when she can travel once again.
Earlier this week, luggage and travel accessories retailer Away announced their latest collaboration with the 39-year-old athlete, marking the second time Williams has launched a line of products with the lifestyle brand.
Set to be released on Thursday, the Away x Serena Williams collection will feature a new line of suitcases, bags and other accessories designed by the tennis star, and Williams hopes that the new items will inspire others to start planning their own trips when it is safe to